U.S. Department of Energy (DOE) announced it will be giving Ford $9.2 billion loan to build electric vehicle (EV) factories. Ford will be using this loan to build three separate factories, will substantially increase the American car manufacturer’s capacity for building vehicles that do not rely on gas. “Not since the advent of the auto industry 100 years ago have we seen an investment like that,” Gary Silberg, global automotive sector leader at the accounting firm KPMG, told Bloomberg. Ford’s dedication to ramping up EV production includes plans to make clean energy vehicles more affordable. That’s an important development as,...
